Dec 23, 2012 5:00am PST
of closed car door talks lawmakers in washington left town for the holidays on friday without an agreement to avert what we're calling the fiscal curb. a series of automatic tax increases and spending cuts to take affect a week from now. a moment this week, the two sides seemed on the cusp of a deal. that would have involved at least one major concession from president obama. to cut social security benefits. the cuts wouldn't have been direct. they would have come from a tweak to the way the social security benefits are calculated. here's how it works. right now the amount of money a retireee gets from the government gets is changed due to the index. when inflakes goes up, social security recipients see their payments go up the same amount to keep up with the cost of living. obama proposes switching to "chained cpi. "the name is opaque but the name is simple. the chained cpi rises more slow lie than regular cpi. if you yoois chain cpi to calculate social security benefits the amounts of the social security checks will rise more slowly, as well, against inflation. for about two days, this m
Dec 29, 2012 5:00am PST
of america and motion pictures association of america have tremendous power in washington. >> let me show an example of this. this is former senator from connecticut, senator chris dodd, who is now head of the mpa. he's telling those in hollywood not to expect money if they don't vote for the stop online piracy act that was pushed by our employer here and the mpa. those who count on, quote, hollywood for support need to understand that this industry is watching very carefully who is going to stand up for them when their job is at stake. don't ask me to write a check for you when you think your job is at risk and then don't pay attention to me when my job is at stake. >> the question i think i want to ask is, this has happened both in copyright and patent where people on the left and right agree with that. the question is, what to do about it? let's talk about that after this. [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra.